Oil News Roundup

The Wall Street Journal Online

Updated Oct. 9, 2006 8:14 p.m. ET

After rising more than a dollar in early trading, crude futures finished up 20 cents at $59.96 a barrel on the New York Mercantile Exchange. Reports that OPEC members agreed to cut output by one million barrels a day, and that North Korea completed a nuclear test, propped up prices. Here is Monday's roundup of oil and energy news.

* * *

GAUGING OPEC: The Organization of Petroleum Exporting Countries, looking to stem the erosion in the price of crude oil, has been urged to apply its anticipated 1 million barrel-a-day cut to...